News update, Theresa May is going for a hard Brexit , if this is the case it will be a good EUR/GBP trade on pullbacks, Trump on Friday, heaven knows what way the market will react, no real commitment on policies, I could guess it will be Dollar positive leading up to the event, stocks should get pumped up after we hear some commitment, Monday open might be an indicator of what's ahead , keep a close eye on data.
The only way I see Euro going to zero is if UK get everything they want,other countries will follow suit,until nothing is left,EU has to take a firm stance this time or it's finished,the immigration policy will be first and foremost.
mlawson71 posted: Previously there was a lot of talk of a soft BREXIT, what changed, I wonder.
That was the perception of the UK that they would get a soft exit, a hard exit would frighten voters, I think it was Merkel who first said they can't cheery pick what they want from a deal, parliament wanting to be involved made PM May's position look weaker, plus they believed they can still have market access without tariffs, Immigration is the sticking point and the EU will not move on this.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.